Current Use by Public Records
- Office Spaces
Property Details for 0 Taylor Ave
- Year built
- 2022
- Lot size
- 2.94 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, single-tenant medical office building located in Huntingdon, Tennessee. The 6,464 square-foot building, constructed in 2022 on a 2.94-acre lot, is 100% occupied by DaVita, Inc. under a 15-year net lease with a corporate guarantee. The lease commenced July 11, 2022, and includes 10% rent bumps every five years and three five-year renewal options, extending the lease to 2037. The property boasts a strong 6.45% cap rate and a substantial net operating income (NOI) of $142,014. Situated on Taylor Ave, the building benefits from high visibility and traffic counts, serving a population of approximately 15,000 within a ten-mile radius, with an average household income exceeding $68,000 annually. Built to DaVita's exact specifications, this state-of-the-art facility represents a secure, long-term investment in a growing industry, offering significant protection against macroeconomic fluctuations. The asking price is $2,201,769, translating to $340.62 per square foot. This property is a prime example of a passive income investment with built-in rent growth and a strong tenant. The property is a one-story building.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntingdon
- County
- Carroll
- State
- Tennessee
- Longitude
- -88.4178
- Latitude
- 36.0031
